Manufacturing industry software development

We are an IT outsourcing company specializing in fintech, blockchain outsource software development and outstaff developers and tech consulting. For over five years we have been offering software development for manufacturing companies. As an experienced software developer for the manufacturing industry we’ll help you to minimize all negative aspects and bring your company to a new quality level.
Cooperate
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The reasons for software development for manufacturing industry

01.

Lack of up-to-date information, using which it is possible to compile forecast data on demand and increase the speed and efficiency of deliveries.

02.

Lack of data on the needs of customers and buyers, without which it is difficult to make timely adjustments to the assortment list, increasing the share of products in demand and reducing the share of goods that are not particularly popular.

03.

Poor warehouse and production logistics does not allow efficiently organizing the workflow and freeing up additional resources while reducing costs.

04.

The company's activities do not comply with all legal regulations, which puts it at risk of sanctions from external regulatory authorities.

01.

Lack of up-to-date information, using which it is possible to compile forecast data on demand and increase the speed and efficiency of deliveries.

02.

Lack of data on the needs of customers and buyers, without which it is difficult to make timely adjustments to the assortment list, increasing the share of products in demand and reducing the share of goods that are not particularly popular.

03.

Poor warehouse and production logistics does not allow efficiently organizing the workflow and freeing up additional resources while reducing costs.

04.

The company's activities do not comply with all legal regulations, which puts it at risk of sanctions from external regulatory authorities.

Application of blockchain technologies in the manufacturing industry

Manufacturing plants are often not as technologically advanced as fintech. Blockchain is the technology that motivated them to leap up several levels of automation. One of the motivators is the security guarantee that blockchain provides.

The banking industry is well regulated, and banks build initially very stable infrastructure and must certify it, for example, according to the PCI DSS standard and the like. Therefore, the advantages of blockchain – security at the protocol level are not of such benefit for them. Manufacturing companies can get a guarantee of data immutability without significant investments in infrastructure, simply by implementing blockchain as an integration bus in their IT landscape.

Financial companies were in the first wave of adopting blockchain technology. In recent years, the most relevant cases have become tasks related to supply chain management. Therefore, now industrial companies are primarily interested in testing technology for managing the life cycle of their products and tracking the movement of goods along the chain to the consumer.

Increasing the transparency of supply chains can, on the one hand, more effectively solve the problems of combating counterfeiting, and on the other, lay the foundation for optimizing inter-corporate processes by reducing unnecessary checks, speeding up the exchange of information and mutual settlements between participants. 

Financial institutions, in comparison with industrial companies, are bound by a large number of legislative restrictions and requirements. For this reason, industrial companies have significant advantages in their commercial ecosystem, and blockchain-related projects can bring real benefits in a relatively short time.

Many enterprises use the experience of successful pilots in fintech and implement blockchain in payment processes, workflow, and interaction with counterparties. It is important for industrial companies to be transparent to the buyers of their products, and blockchain is one of the key components in the fight against counterfeiting and falsification. Industrial companies are interested in creating digital product passports that can be used in the B2B sharing economy.

Blockchain is a technology for supporting inter-corporate processes, therefore, the development driver will be those companies that realize that improving business efficiency in the future is possible only by optimizing relationships with their partners, suppliers and even competitors. If a company views itself in the context of an ecosystem, it can not only improve its current processes, but also find new business models for further growth. To go through this process as quickly as possible, it is necessary to start with the implementation of a digital platform that will allow you to quickly develop digital services and test hypotheses both within yourself and together with partners.

Manufacturing industry software development services

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Losses due to the human factor

Solution: automated system for registration and control of incoming and outgoing goods. which includes automatic registration of the weight of cargo arriving and leaving by road and rail; video and photographic recording of each fact of weighing, a database of photos of wagons and cars with the possibility of data verification; opportunity for the management of the enterprise to see in real time the movement and residual goods in the warehouses.

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Failures in the implementation of the budget plan

Solution: technological complex "Enterprise budgeting" with  multi-currency support; support of internal document flow; support for "rolling" budgets; support for multiple budget scenarios (pessimistic, optimistic); authorization system for access to viewing and changing documents; open reporting system; the ability to automate the budgeting process, both in a small enterprise and in a large holding.

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High costs and low speed of delivery processes

Our logistics management solution makes it possible to forecast and plan the needs for goods and provides: transparency of supply chains;  efficient processing of customer orders;
optimization of stock levels; determination of the required amount of transport and optimization of its loading; calculation of the cost of each batch of goods; container movement control. 

Manufacturing industry software development benefits from Boosty Labs

Process control

Display of measurement results.

Processing of the obtained results

Providing reporting documents in the required form, integration with accounting software.

Data storage

Filtering by various criteria. Import/export of collecting data results n the required format.

Digitalization trends in the manufacturing industry

Although in everything that concerns the response to the challenges of the times, the manufacturing industry is one of the most "clumsy" spheres, in the era of expansion of digital technologies, virtual assistants and IT start-ups, the industry is actively mastering the "digital".

The International Data Corporation (IDC) predicts that at least half of all global GDP will be digitalized by 2021. Cloud computing, artificial intelligence, blockchain, augmented reality, the Internet of Things – all this has already ceased to be the privilege of such high-tech industries as telecom, IT and finance, and has entered a wide market.

What are the trends in the digitalization of the industry and the already existing cases of the application of high technologies in different industries?

Blockchain

One of the main uses of blockchain in the industry is to create a secure payment system, the main element of which is smart contracts.

In 2017, oil corporations BP, Shell and Statoil (modern Equinor – "High-tech") developed the VAKT blockchain platform, which was intended to conclude transactions in the process of trading in petroleum products. The platform allowed companies to eliminate paperwork, reduce operating costs and automate trading processes - and two years later, VAKT signed contracts to service 70% of oil transactions in the North Sea.

Blockchain can also be used to verify information: this is the path taken by IBM, which launched the Food Trust platform in 2018, which allows you to obtain the most accurate information about food products. Such giants as Nestle, Carrefour, Unilever and many others have already joined the platform. In addition to food, using the blockchain, you can verify the authenticity of a diamond – such a service is provided by the London-based company Everledger.

Artificial Intelligence

For business, artificial intelligence is primarily an opportunity to automate routine operations, increasing their accuracy many times over. Thus, on the basis of the Russian mining and metallurgical company Norilsk Nickel, there is a whole Digital Laboratory subdivision, which develops AI solutions for production. In particular, the factories use computer vision technology, which monitors the observance of safety regulations by personnel: smart cameras analyze the video stream, determining whether the employee is wearing a helmet, glasses and protective clothing.

AI allowed the company to create a system that detects foreign objects in the stream of ore moving along the conveyor: the program processes the video from the workshop and signals the operator every time it sees garbage on the tape. Unlike a person, a machine does not get tired and cannot be distracted, so the risk of equipment breakdown due to foreign objects getting into it is minimized.

Another important and invaluable AI function for any large corporation with an extensive network of processes is the automation of any accounting systems. If we take another example of Norilsk Nickel, in 2020, together with Particle, it implemented a project on the use of artificial intelligence in the corporate reference information system (NSI), covering a huge number of operations: from accounting and tax accounting to the conclusion of contracts and the filing of applications customers.

Thanks to AI solutions, Norilsk Nickel managed to reduce the budget for contractors when replicating the reference data system to new enterprises, transferring work to smart systems, as well as speeding up procurement processes, increasing the accuracy of work and minimizing financial risks.

Internet of Things

Most of us are familiar with the concept of the Internet of Things in the context of a smart home or medical gadgets like fitness bracelets, but in practice this technology has a much wider range of applications. IoT assumes that various devices – from a coffee maker to a turbine at a factory – when connected to the Internet can communicate with each other and with the external environment, and the entire system can be controlled through any web service, be it a computer program or a mobile application.

The emergence of such technology is quite natural: the number of devices connected to the Internet is growing rapidly. By collecting data on the status of each of them, you get the opportunity to remotely monitor their work. In the industry, the Internet of Things helps to identify faults in time, determine the need for unplanned repairs and prevent large-scale accidents. Already, according to PwC, 35% of manufacturers collect information from smart sensors to optimize production and operational processes.

Thus, the American corporation General Electric back in 2012 installed more than 10 thousand sensors at one of its enterprises, which help to monitor the consumption of materials, control the temperature and pressure in working processes. All this data is received by the plant employees on their tablets using Wi-Fi. In addition, General Electric uses IoT to optimize the operation of turbines in wind power plants: the number of sensors on them reaches about 20 thousand, and the speed of their operation is 400 measurements per second.

Device control isn't the only IoT function. Accurate information about equipment utilization gives you the opportunity to opt out of selling it to customers, instead giving them its functionality: the volume of the product produced or the number of hours of work. For example, the manufacturer of industrial compressors Kaeser works, which has introduced a system of payment for services according to the volume of compressed air used. The company's management argued that the air-as-a-service business model allowed them to shift costs from capital expenditures to operating costs.

The transition of industry to digital is inevitable. The development and implementation of new technologies, especially in the absence of “boxed” solutions on the market, requires time, a complete revision of the existing systems of work, huge efforts and financial investments. But the result of their use invariably pays off, increasing the efficiency and productivity of labor, increasing the volume of production and sales, reducing costs, leveling the human factor. All this greatly facilitates the work of the company and gives it a significant competitive advantage in the market.